Malaysia cannot rule out CCUS but must keep ‘eyes wide open’ to risks, says environment minister Nik Nazmi

Quick Summary:

A new carbon capture and storage bill is due to be tabled next month at "record speed”, amid plans to import carbon dioxide from Japan and South Korea.

Environmental advocates have called CCUS an ineffective decarbonisation lever.

Still, the Malaysian government, businesses and civil society must be fully aware of the risks of CCUS, including the potential for leaks and corrosion during the process of capturing and storing carbon dioxide.“We have to go in [on CCUS] with our eyes wide open.

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Article Details

Author / Journalist: Samantha Ho

Category: EconomyBusiness

Markets: SingaporeIndonesiaJapanSouth KoreaMalaysia

Topics: Energy Climate risk Carbon offsetting Fossil fuels Oil Decarbonisation Emissions Climate tech use and storage Carbon capture

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 04:05:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1538 words

Reading Time: 9 minutes read

Sentences: 54 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23033285

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